The average stock that has reported earnings so far this year has seen a one-day share price reaction of +/-6.86%. More than a percentage point above the historical average.
Apple $AAPL is now the most overbought stock of the mega-caps based on standard deviations away from its 50-DMA. Up 6% over the last week, still down 12% on the year.
Similar to DraftKings $DKNG, average monthly players for the US market came in 6% below estimates for Flutter $FLUT (FanDuel) in the most recent quarter. Is the sports betting growth gusher starting to run dry? We'll know more once football season rolls around.
The Trade Desk $TTD is set to open down more than 30% on earnings this morning. If the decline holds, it would be its 2nd 30%+ decline on earnings this year. It fell 32.98% following its Q4 report on 2/12. Don't see that often.
More than 230 stocks reported earnings since yesterday's close, the busiest day of earnings season yet. That makes 605 reports so far this week. A lot to digest in this snapshot...1/